Smart Solar Market Analysis

The smart solar market is segmented by solutions into network monitoring, meter data management, analytics, SCADA, remote metering, and asset management, out of which, the asset management segment is anticipated to hold the largest share in the global smart solar market on account of the increasing technological advancements in the energy sector, and rising roll-outs of smart meters and smart grids in developed nations. Additionally, on the basis of application, the commercial and industrial segment is predicted to grab the largest market share during the forecast period, which can be credited to the high adoption of smart solar systems and increase in electricity production in this sector.

Our in-depth analysis of the global market includes the following segments

By Product	Photovoltaic Cells Photovoltaic Panels Invertors
By Solutions	Network Monitoring Meter Data Management Analytics SCADA Remote Metering Asset Management
By Services	Consulting Demand Response
By Application	Commercial and Industrial Residential

Frequently Asked Questions (FAQ)

The major factors driving market growth are increasing adoption of green energy and growing emergence of smart cities in developing countries.

The market is anticipated to attain a CAGR of ~15% over the forecast period, i.e., 2022 â€“ 2030.

High price of installing smart solar systems is estimated to hamper the market growth.

Asia Pacific region will provide more opportunities for market growth owing to the increasing number of smart city initiatives and growing support of government to use solar energy.

The major players in the market are ABB Ltd., General Electric Company, Itron Inc., Echelon Corporation, Schneider Electric, Siemens AG, and others.

Smart Solar Market Analysis